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Complete Music

Complete Music has provided disc jockey services to customers across the country since 1973.  Experienced DJs and videographers work with customers to create lifelong memories. Complete Music has been franchising since 1983 and has survived the highs and lows of the economy.  People still fall in love, get married and need entertainment for their reception, even in a recession.

 

This unique opportunity, which can be run from home, is ideal for independent disc jockeys and videographers that want the support of a proven network. One hundred percent of Complete Music’s franchisees are owner-operators and over thirty-five percent own more than one unit.  Complete Music participates in the SBA's Approved Lender Program, helping new franchisees with third-party financing. In addition, Complete Music franchisees have access to comprehensive business training as well as start-up and on-going support to create a successful and profitable business.

 

Operating Units

12/31/2005

12/31/2006

12/31/2007

Franchised

161

158

158

% Change

--

-1.9%

0.0%

Company-Owned

1

1

1

% Change

--

0.0%

0.0%

Total

162

159

159

% Change

--

-1.9%

0.0%

Franchised as % of Total

99.38%

99.37%

99.37%

 

Investment Required

The fee for a Complete Music franchise ranges from $22,500 to $35,500, depending on the size of the territory purchased.  Complete Music offers a 20% discount of the initial franchise fee for franchisees with certain previous disc jockey experience.

 

Complete Music provides the following range of investments required to open your initial franchise. The range assumes that all items are paid for in cash. To the extent that you choose to finance any of these expense items, your front-end investment could be substantially reduced.  Complete Music offers financing of up to 50% of the initial franchise fee and up to 75% of equipment purchased over 12 months for qualifying franchisees.

 

Item

Established Low Range

Established High Range

Franchise Fee

$22,500

$35,500

Office Space

$0

$1,500

Equipment

$3,000

$4,000

Software License Fee

$450

$450

Prepaid Expenses and Deposits

$500

$1,000

Opening Supplies

$300

$500

Media Set (per set)

$1,500

$2,200

Opening Advertising and Promotion

$100

$500

Additional Funds (3 months)

$2,000

$3,000

Total Investment

$30,350

$48,650

 

On-going Expenses

Complete Music franchisees pay royalty fees on a sliding scale ranging from 6-8% of annual gross receipts, national advertising fund contributions equal to 2% of annual gross receipts and required local advertising expenditures equal to 4% of annual gross receipts.  Other fees payable by the franchisee include telephone call center fees and weekly media and website maintenance fees.

 

What You Get—Training and Support

Complete Music provides new franchisees and any managing operators with initial training including classroom training held at Complete Music offices or other locations and on-the-job-training. Training lasts approximately ten days, seven of which take place at the corporate office in Omaha, NE along with three days of on-site training. After the initial training, Complete Music offers supplemental and refresher training programs.

 

Complete Music assists franchisees in the opening and initial operations of the franchise as well as in other aspects of the business including advertising and promotional programs, employee relations, bookkeeping, accounting, inventory control and sales. Franchisees benefit from Complete Music’s national and regional marketing efforts, which assist in the development of a loyal customer base. Complete Music also holds an annual meeting, giving franchisees the opportunity to share stories and exchange ideas with fellow franchise owners.

 

Territory

Complete Music grants exclusive territories with a population ranging from 100,000 to 500,000+.